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Tag Archives: Grexit

IMF dismissed reports, Rice had said the IMF had a Plan B for Greece

May 14, 2015 Economy 7

Surprise!? Gerry Rice, director of The IMF’s communication department relvead to journalists the truth. That the international Monetary Fund had a Plan B for the case things in Greece would get out of control. “The IMF has worked out Plan B to contain the crisis, should things with Greece get …

Poll: Majority of Greeks want the Euro even with a new bailout deal

May 5, 2015 Politics 5

It has been confirmed again and again, despite Schaeubles & Co, despite the harsh austerity, despite the internal devaluation of the people’s incomes due to inability to devalue the common currency: The majority of Greeks want the country to remain in the Eurozone. Even if this mean a new bailout …

EC President Juncker: No Greek default, no Grexit

April 21, 2015 Economy 4

European Commission President Jean-Claude Juncker warned Monday that Greek intransigence risks pushing the continent towards economic catastrophe and rebuked Athens for an “unacceptable” lack of cooperation. However he ruled out a Greek debt default or an exit from the Eurozone. European Commissioner Jean-Claude Juncker: “I am excluding at 100 percent …

Bland & Boring as usual: Grexit-dish served by ECB’s Nowotny

April 20, 2015 Economy Comments Off on Bland & Boring as usual: Grexit-dish served by ECB’s Nowotny

Despite some progress recorded during the Brussels Group meeting on Saturday, creditors’ pressure against Greece remains high. It is the same indirect threat being told over and over again. That the eurozone is not afraid of a Greek exit from the eurozone as the impact would not be as devastating …

IMF and EU cannot decide on impact of a Grexit to other euro zone members

April 15, 2015 Economy 3

IMF’s chief economist Olivier Blanchard expressed hope that there will be an agreement with Greece, however he stressed at the same time that a Greek crisis cannot be ruled out. By “Greek crisis” Blanchard probably meant a “Greek exit from the euro” because as everybody knows since long ago that …

President Anastastiades shocks Greeks: Cyprus has a backup plan for Grexit

April 3, 2015 Economy 5

That was a shock for Greeks to see their top brother in Cyprus to openly join the international Grexit propaganda club! Cyprus President Nikos Anastasiades said on Friday that his country had a backup plan to deal with the fallout of a possible Greek exit from the eurozone. No a …

Greece vs Creditors: Tsipras will never be able to satisfy the big neurotic mama

April 2, 2015 Economy 6

Greece “defaults” each and every month since the new coalition government came into power, should we believe the Cassandras of various nationalities and interests. The first default scenario “saw” a default by end February, the second by end of March. Bogeyman’s words “Grexit” and “Grexident” started to whirl around. Again. …

No Grexit, No Grexident. The IOUs are coming…!?

March 28, 2015 Economy 17

Forget the Grexit, the Grexident and the Drachma scenarios. They are out! The 20-April-bankruptcy script writers have invented a new solution: something like a parallel currency. No, not the older scenario option of using Drachma nationally and the Euro internationally. Something new: the IOUS! A form of alternative mean of …

EU mini Summit: PM Tsipras has one week to submit complete reforms list

March 20, 2015 Economy, Politics 4

It was short after 3 in the morning Friday, when Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel, French president Francois Hollande and the other kids of the creditors’ block left the chairs of the Mini EU Summit round table on Greek debt. After talks that lasted four and …

7 out of 10 Greeks support Tsipras’ confrontation with Troika

February 8, 2015 Society 1

Seven out of ten Greeks support Prime Minister Alexis Tsipras the way he deals with the country’s lenders, the Troika. According to a poll conducted by the University of Macedonia, the majority of the respondents believe that the PM is determined to implement his pre-elections commitments and that the Greece-Troika …

Fear-mongering at its peak: Grexit on Thursday, Grentry on Monday?

January 19, 2015 Very Mix 3

Only if you live in Greece and read every crap posted on mainstream websites or listen to mainstream media to realized the fear-mongering propaganda Greek voters are exposed to, just days before the parliamentary elections next Sunday. One of the striking examples we witnessed Monday morning. The news was referring …

Greek FinMin: Greece Could Exit the Euro by Accident

January 13, 2015 Economy 1

Greece could stumble out of the euro by accident if a new government fails to reach an agreement with international creditors soon after this month’s election, Finance Minister Gikas Hardouvelis said. The main challenge facing whichever government emerges from the Jan. 25 vote will be to close the stalled review …

German economists: Greek debt haircut cheaper than Grexit … for Germany

January 7, 2015 Economy Comments Off on German economists: Greek debt haircut cheaper than Grexit … for Germany

Less than three weeks before elections in Greece and nervousness rises among the country’s lenders as SYRIZA’s chances for a victory remain high and the left-wing party favors a debt haircut. The Grexit scenarios have grown wild as billions of euros in loans are at stake. Leading role in the …

EU Commission puts an end to Grexit nonsense: “Euro membership is irrevocable”

January 5, 2015 Economy 2

Finally! Enough with the Grexit nonsense! After days of frenzy Grexit scenarios, that plunged the euro and the stock markets, the European Union’s executive Commission said that membership in the euro bloc is “irrevocable”. However it left open to what extent Greece could renegotiate the terms after the Jan. 25 …

President Hollande grants the Greeks right to vote

January 5, 2015 Economy 1

I am so relief. Honestly. And I am so impressed by the divine generosity of a French president granting me the right to vote and decide about my own destiny. Joining the Club of Scaremongers Society, French President Francois Hollande said Monday that “The Greeks are free to choose their …

They dig their own graves: Euro slides to nine-year low amid Grexit fears

January 5, 2015 Economy 4

They dig their own graves and fall inside. All these Merkels & Cos, all these Samaras & Friends and all these international media who have adopted Antonis Samaras’ stance that a left-wing SYRIZa government will push Greece out of the eurozone. The euro plunged into a nine-year low on Monday …

Merkel cheers “Grexit” hand in hand with Samaras

January 4, 2015 Economy 5

German Chancellor Angela Merkel took her close friend Antonis Samaras by the hand and they both cheer “Grexit!” in every swirl of their XXL-austerity waltz. According to German weekly Der Spiegel , Angela Merkel was allegedly willing to let Greece leave the eurozone should the foolish Greek voters elect a …

Minister brings back “Euro or Drachma” Dilemma and ASE to fall

October 30, 2014 Economy 2

There is certainly no doubt about it: Greeks have the politicians they deserve. And furthermore these politicians do their best to destroy the country and the economy, they never learn from previous mistakes and they spread fearmongering government propaganda at whatever the cost. Out of the blue and for no …

IMF takes the wind out of the Greek sails, German FinMin speaks warns of Grexit

June 2, 2014 Economy Comments Off on IMF takes the wind out of the Greek sails, German FinMin speaks warns of Grexit

German Finance Minister Wolfgang Schaeuble and the International Monetary Fund seem to do their best to take the wind out of the Greek government sails. While Prime Minister Samaras and his economic team allegedly prepare taxation cuts, the country’s lenders urge Greeks to continue the so-called “reforms” and even take …

ECB Mario Draghi officially denied “Grexit – Plan Z” in April 2013

May 16, 2014 Economy Comments Off on ECB Mario Draghi officially denied “Grexit – Plan Z” in April 2013

European Central Bank chief Mario Draghi apparently lied during a live press conference when he was asked whether there was a Plan B on Greece. It was back in April 2013, when Mario Draghi dismissed the option “there was a plan for the euro zone exit of the debt-ridden country.” …

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